Werner Enterprises, Inc.'s (WERN) CEO Derek Leathers on Q1 2021 Results - Earnings Call Transcript

Werner Enterprises, Inc. (NASDAQ:WERN) Q1 2021 Earnings Conference Call April 28, 2021 5:00 PM ET

Company Participants

Derek Leathers - Chairman, President and Chief Executive Officer
John Steele - Treasurer and Chief Financial Officer

Conference Call Participants

Christian Wetherbee - Citigroup, Inc.
Jack Atkins - Stephens Inc.
Jonathan Chappell - Evercore ISI
Brandon Oglenski - Barclays Capital
Scott Group - Wolfe Research, LLC
Ken Hoexter - Bank of America Merrill Lynch
Amit Mehrotra - Deutsche Bank AG
Brian Ossenbeck - JPMorgan Chase & Co.
Bascome Majors - Susquehanna Financial Group

Operator

Good afternoon and welcome to the Werner Enterprises First Quarter 2021 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

Earlier this afternoon, the company issued an earnings release for its first quarter 2021 results and posted a slide presentation. These materials are available in the Investors section of the company's website at Werner.com. Today's webcast is being recorded and will be available for replay beginning later this evening.

Before we begin, please direct your attention to the disclosure statement on Slide 2 of the presentation, as well as the disclaimers in our earnings release related to forward-looking statements. Today's remarks contain forward-looking statements that may involve risks, uncertainties and other factors that could cause actual results to differ materially.

Additionally, the company reports results using non-GAAP measures, which it believes provide additional information for investors to help facilitate the comparison of past and present performance. A reconciliation to the most directly comparable GAAP measures is included in the table attached to the earnings release and in the appendix of the slide presentation.

I'd now like to turn the conference over to Mr. Derek Leathers, Vice Chairman, President